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UPDATE: Goldman Sachs Lowers PT to $13 on JDS Uniphase on Disappointing FQ2 Guidance

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Goldman Sachs reiterated its Buy rating on JDS Uniphase (NASDAQ: JDSU) but reduced its price target from $14 to $13 following quarterly results.

Goldman Sachs commented, "We are lowering our price target to $13 from $14 given disappointing F2Q guidance showing that macro uncertainty is having an even greater impact on JDSU's customers than we had expected. We maintain our Buy rating as we believe guidance is sufficiently conservative given that it embeds no expectation for a 4QCY12 carrier capex budget flush."

JDS Uniphase closed at $10.33 on Friday.

Latest Ratings for JDSU

DateFirmActionFromTo
Sep 2014RBC CapitalUpgradesSector PerformOutperform
Aug 2014Argus ResearchDowngradesBuyHold
Aug 2014Piper JaffrayDowngradesOverweightNeutral

View More Analyst Ratings for JDSU
View the Latest Analyst Ratings

Posted-In: Goldman SachsAnalyst Color Price Target Intraday Update Analyst Ratings

 

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